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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.030.0%Dec 24 12:59 PM EST

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To: pass pass who wrote (49810)3/11/2001 1:24:16 PM
From: Maher Sid-Ahmed  Read Replies (1) of 77400
 
The CEO's of INTC, MSFT, CSCO, SUNW, ORCL which are the bellwether of technology companies are all saying we are in recession or slowdown or whatever negative adjectives to describe the US economy. Big companies like XRX, LU, WCOM, AT&T are having a money crunch. Looking at the general picture it looks almost hopeless. when things look the bleakest it always the best time to invest, and that is why the true gurus of Wall Street including Abbey Cohen are 100% invested. I am not saying, however, that CSCO is a good investment. I really don't know. All I can tell is that CSCO based on accepted norms (p/e, p/s, etc.) is still expensive. The market cannot afford it a forward p/e of over 50 when its sales are shrinking.
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